(a) Notice and Hearing. In each budget cycle, the clerk shall publish in an official newspaper of the city a notice stating:
(1) That a public hearing will be held on the budget;
(2) The time and place of the hearing, which shall not be less than five days following the date of publication;
(3) The places where copies of the proposed budget are available for inspection by the public;
(4) Any other such noticing as may be required by state law for the adoption of the municipal fee schedule.
(b) First-Year Amendment and Adoption. After the public hearing before the adoption of the budget for the first year of a two-year budget cycle, the council may adopt and appropriate the budget for the first year by ordinance with or without amendment, provided that no amendment shall increase authorized expenditures to an amount greater than the total of estimated receipts and available funds, including reserve funds. If a two-year budget cycle is utilized, the budget for the second year shall be a spending plan and the council shall approve it only in concept.
(c) Second-Year Amendment and Adoption. After the public hearing before the adoption of the budget for the second year of the two-year budget cycle, the council may adopt and appropriate the budget for the second year by ordinance with or without amendment, provided that no amendment shall increase authorized expenditures to an amount greater than the total of estimated receipts and available funds, including reserve funds.
(Ord. 4274 § 2 (part), 1995)